Cma Review Center

CHAPTER II

MANAGEMENT ASPECT

2. MANAGEMENT ASPECT

        In the management aspect of the study, these will include identifying by the management team of the venture and judge whether or not they have the skills to run the business effectively.

In addition to assessing management, it will compile data and analyses on a variety of other business components including product development, marketing strategies, cost structure and potential pitfalls. The more thorough the study, the better entrepreneurs and investors can accurately assess the potential profitability of the business and what components of the business plan need revisions.

2.1 BUSINESS PROFILE

1. AEIPATHY REVIEW CENTER

“Putting your plan into action to assure your certification.”        

The incorporators choose the name “AEIPATHY” because of its meaning; an undying, enduring, and consuming passion. The incorporators also want to inspire the reviewers in the chosen name of the business.

2.1.2        TYPES OF BUSINESS ORGANIZATION

                The business will operate as a corporation. The advantages and disadvantages are the proponents to consider in making this decision.

ADVANTAGES OF CORPORATION

• Limited liability. The shareholders of a corporation are only liable up to the amount of their investments. The corporate entity shields them from any further liability.
• Source of capital. A publicly-held corporation in particular can raise substantial amounts by selling shares or issuing bonds.
• Ownership transfers. It is not especially difficult for a shareholder to sell shares in a corporation, though this is more difficult when the entity is privately-held.
• Perpetual life. There is no limit to the life of a corporation, since ownership of it can pass through many generations of investors.

1. THE INCORPORATORS

2.1.4 MANAGEMENT STYLE         

The management style that will going to use in this business is the Authoritative Style or the visionary style.

A style where the President sets the vision for the company and the team, clearly and compellingly, then steps back and allows the team to work. He will just steps in from time to time to reiterate the vision if required. The President also observes and reports if the style is effective for the company and the team. And the team will report if they enjoyed the activity and feel enormously proud of the work they have done.

The Authoritative style has these primary objective of providing long-term direction and vision for employees:

• A fair management for all the employees
• Gives employees clear and concise direction
• Motivates by persuasion and feedback on task performance
• It is effective when:

•  Clear directions and standards needed
• The leader is credible

• Ineffective when:

• Employees are underdeveloped – they need guidance on what to do
• The leader is not credible – people won’t follow your vision if they don’t believe in it

2.1.5 MISSION STATEMENT

To help Management Accounting reviewers for their certification exam by providing quality and effective review program.

To maintain high standard of excellence for Management Accountants and professionals.

2.1.6 VISION STATEMENT

        AEIPATHY Review Center envisions itself to become one of the leading institution in creating new breed of Management  Accounting professionals with integrity, credibility, and competence.

2.1.7 CORPORATE VALUES

A – Above and Beyond

AEIPATHY Review Center gives more than what is expected.

E – Excellence

We continually improve our standards and processes so that excellence simply becomes a natural consequence of our service.

I – Integrity

We believe that to be successful, it is essential to operate at the highest levels of honesty, responsibility, and trust.

P – Passion

We exude enthusiasm and a desire to be remarkable.

A – Accountability

We take responsibility by honoring obligations and expectations.

T – Teamwork

We drive success through strong collaboration and communication.

H – Humanity

We support others to help them feel successful. Hold high regard and treat others with respect.

Y – Yield

An earnest or strong desire to give the best service we can offer.

2.2 ORGANIZATIONAL STRUCTURE

        This will define how activities such as task allocation, coordination, supervision, duties and responsibilities are directed toward the achievement of organizational aims.

        2.2.1 JOB DESCRIPTION AND QUALIFICATIONS

...